CHM Blog

July BLS jobs expected to have increased but declined 23K and June jobs revised 20K lower than originally reported, private jobs +30K with estimates at +90K, the final count for May was revised down to 63K, 66K lower than the prior estimate. The revised numbers brought the 12-month average down to just 34,000. The unemployment rate that has been at +4.2% for months declined to 4.1%. Month/month average hourly earnings thought to be +0.3% unchanged from June increased just 0.1%, year/year earnings +3.2% with forecasts of +3.5%. The labor participation rate dropped to 61.4% from 61.5%, lowest rate in more than five years.

There isn’t any additional hard news on the Iranian front.

PRICES @ 10:00 AM

10 year note: 4.63% -5 bp

5 year note: 4.34% -6 bp

2 year note: 4.19% -6 bp

30 year bond: 5.19% -3 bp

30 year FNMA 6.0: @9:30 am 101.55 +17 bp (+3 bp from 9:30 am yesterday)

30 year FNMA 5.5: @9:30 am 99.57 +29 bp (+10 bp from 9:30 am yesterday)

30 year GNMA 6.0: @9:30 am 101.87 +14 bp (+5 bp from 9:30 am yesterday)

Dollar/Yen: 157.59 -0.87 yen

Dollar/Euro: $1.1568 +$0.0043

Dollar Index: 99.54 -0.39

Gold: $4,423.30 +$123.70

Bitcoin: 65,254 +857

Crude Oil: $76.99 -$0.30

DJIA: 53,948 +63

NASDAQ: 26,538 +189

S&P 500: 7732 +22

Richard Sardella has been actively managing and providing services in the mortgage industry for over 30 years. Richard serves on the board of directors as President of Colorado Home Mortgages Inc.

All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.

MLO of record MLO.100007700 / NMLS#233568 / CHM NMLS#127716.